Following a soft Q1 FY 22 and delays to new games, Focus Home reduced its FY 22 sales guidance and now aims for FY 23 sales below consensus estimates. While painful, in our view this is the right decision if the games are not polished enough. Mid-term prospects remain solid given higher budget games, new partnerships and internal projects. New bank financing (EUR140m) and the recent capital increase (c.EUR70m) give ample room for transformative MandA.
Q1 FY 22 weaker than expected due to soft ....
23 Jul 2021
FY 22 guidance cut following game delays, soft Q1 22
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FY 22 guidance cut following game delays, soft Q1 22
- Published:
23 Jul 2021 -
Author:
Langlet Nicolas NL -
Pages:
7
Following a soft Q1 FY 22 and delays to new games, Focus Home reduced its FY 22 sales guidance and now aims for FY 23 sales below consensus estimates. While painful, in our view this is the right decision if the games are not polished enough. Mid-term prospects remain solid given higher budget games, new partnerships and internal projects. New bank financing (EUR140m) and the recent capital increase (c.EUR70m) give ample room for transformative MandA.
Q1 FY 22 weaker than expected due to soft ....